7 Real Reasons Why iPhone is a Smash Hit — Love it or hate it... there is no denying that Apple's iPhone is not only a game changer but a certifiable hit. Apple shared some interesting stats about the iPhone. I culled some of the more interesting facts come from the transcript …

Read My Lips: Apple Is a Netbook Maker — Steve Jobs appeared as a surprise “special guest” on Apple's earnings call Tuesday afternoon. — Mr. Jobs, Apple's chief executive, has not taken part in one of the company's conference calls with analysts since 2000, according to the company.

Why the iPhone is now Apple's most important product — When Apple Steve Jobs introduced the iPhone in January 2007, even he might not have realized how soon it would become a huge part of Apple's business. — (Credit: Declan McCullagh/CNET News) — The rampant success of the iPhone …

New in Labs: Canned Responses — Hello, you've reached Chad's mailbox. Thanks for your email about the latest Labs feature: Canned Responses, or email for the truly lazy. I'm on paternity leave so I won't be able to respond personally. Instead, I hope you'll enjoy this automated message.

Jerry Yang Email To All Yahooers: 10% Of You Are Fired — Yahoo CEO Jerry Yang sent the email below to all Yahoo'ers at 2:20 pm PST, after earnings were announced. Besides being all lowercase, as usual, he lets everyone know that the company will be letting 10% of employees go to help save $400 million in annual costs.

EMC's double-digit growth run will finish this quarter — For the good times... Storage industry bellwether EMC has delivered its 21st consecutive double digit growth quarter with revenues of $3.76bn for the third quarter. These are up 13 per cent on last year's revs, which were $3.3bn.

Like.com's Perfect Timing: $32 Million Series C Round — Silicon Valley based Like.com managed to raise a monster round of financing at just the right time: $32 million in Series C round of funding that closed in August, led by Menlo Ventures. Crosslink Capital also joined the round, as well as all previous investors.

Intel slams ‘slow’ iPhone ARM CPU — Any speed shortcomings in Apple's iPhone were the fault of its rival chipset manufacturer ARM, a senior Intel executive said in Taiwan yesterday. — “The shortcomings of the iPhone are not because of Apple,” Intel's director of ecosystems …

The Growing Frustration of eBay Sellers — Changes at eBay, especially its new ratings feedback policy, have many longtime sellers angry. Some are even leaving for upstart sites like Shopify — When Julie Rodarte and her husband started selling on eBay (EBAY) six years ago, they stored their meager inventory in the family garage.

T-Mobile delivers the G1 (aka Android) phone — This was the first G1 sold, at a T-Mobile store in San Francisco. — (Credit: James Martin/CNET News) — T-Mobile USA on Wednesday made the formal, nationwide launch of its G1, the first phone to run Google's Android operating system.

Gizmo puts cold callers on hold — A device which claims to alleviate the problem of cold calling has been launched by two British inventors. — The TrueCall device acts as a buffer between the phone and the outside world and learns to distinguish between welcome and unwelcome callers.